OTR Solutions Expands Fintech Portfolio with Acquisition of Epay Manager, A Back-Office and Carrier Payments Platform for Freight Brokers

ATLANTA, Georgia, February 6, 2024 — OTR Solutions has acquired Epay Manager, a carrier payments  platform which allows freight brokers to reduce costs and increase efficiencies of their back-office  operations, while providing a new level of transparency to their carrier, factor, and shipper partners.  Epay Manager offers its broker customers increased control of financial transactions through its  proprietary “Audit Proof Invoicing” system, which automates carrier document collection to ensure a  seamless and accurate customer billing experience. Epay’s unique and innovative solution for freight  brokers joins an already robust suite of logistics-focused fintech products offered by OTR Solutions,  furthering the company’s mission to create exceptional value for its customers through industry leading  financing and back-office solutions. 

“The acquisition of Epay Manager reflects our commitment to our ongoing mission of bringing value enhancing solutions to the logistics industry,” said OTR Solutions CEO, Fritz Owens. “We are extremely  excited about both the talented team and best in class carrier management technology that will now be  part of OTR’s suite of offerings to brokers.” 

OTR Solutions will leverage Epay Manager’s robust portfolio of valuable integrations with transportation  management systems (TMS), which allow brokers to implement back-office automation with unrivaled  transparency for their carrier partners. This in turn significantly reduces the cost associated with  processing carrier invoices—eliminating carrier payment discrepancies, minimizing the freight bill audit  process, and improving the overall productivity of broker back-office teams.  

The acquisition combines Epay Manager’s revolutionary approach to carrier relationship, invoice, and  payments management with OTR Solutions’ robust working capital and suite of solutions. Epay Manager  gives brokers opportunities to cultivate more positive connections with their carriers through prompt and  undisputed payments. 

“With this new offering, freight brokers will not only boost operational efficiency but will also foster more  positive, collaborative relationships with carriers” said OTR Solutions Chief Operating Officer, Grace  Maher. “At OTR, we recognize the pivotal role of robust carrier relationships in accessing capacity, and  the acquisition of Epay Manager gives brokers opportunities to cultivate these connections.” 

Epay Manager reduces broker operating costs by processing invoices with more efficiency and accuracy  than traditional manual methods. Its existing integrations with widely used TMS platforms like McLeod,  Aljex, and others, enable streamlined AR and AP processes between brokers, carriers, factoring providers,  and shipper customers. The acquisition provides brokers with capabilities unrivaled by others in the  market today. 

“What is truly unique about the Epay platform is that it has been hardened by decades of customer  feedback and iteration, the result of which is a robust, scalable, and highly efficient product that provides  tangible cost savings and new revenue opportunities for freight brokers,” said OTR Solutions EVP and Chief  Strategy Officer, Clayton Griffin. “Epay was founded and built by front-line industry participants, forged  from the pain of real-world experience, and it shows. Trucking and logistics is in Epay’s blood, and we can  certainly relate to that.”

Brokers seeking to optimize and scale their back-office operation without spending excessive amounts of  time and money on technology and personnel can schedule a demo and begin processing invoices in as  little as two weeks. TMS providers interested in building an integration with Epay Manager can do so in  as little as 30 days with the platform’s advanced open API’s. Carriers and factoring providers seeking a  broker on the Epay Manager platform can simply create an account to take advantage of the available  offerings. 

“Combined with our existing cash flow and AI-driven freight audit products, the solution is now the most  complete and compelling carrier management and payments platform in the industry,” said Owens. 

Brokers, carriers, and factoring providers can learn more about the advantages of Epay Manager Powered  By OTR Solutions at www.epaymanager.com or call (470) 924-2894 to speak with a representative. 

Argonite Partners served as sell-side financial advisor and Armstrong Teasdale LLP as sell-side legal  advisor. Harris Williams LLC served as financial advisor and Eversheds Sutherland LLP served as legal  advisor to OTR Solutions. 

About OTR Solutions 

Founded in 2011, OTR Solutions is a full-service freight factoring and trucking technology company that  leverages easy-to-use systems to provide reliable cashflow, back-office support, and operating solutions  to U.S. based carriers and brokerages of all sizes. OTR has over 350 employees, headquartered in Roswell, Georgia. To learn more about OTR Solutions’ portfolio of fintech solutions, please visit  www.otrsolutions.com.